Form 4: Equitable Holdings CEO Exercises Options and Sells Shares Under 10b5-1 Plan

Equitable Holdings CEO Mark Pearson exercised stock options and sold shares on December 16, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Equitable Holdings CEO Mark Pearson exercised 20,000 stock options at a price of $21.34 per share on December 16, 2024.
• He then sold 20,000 shares at a weighted average price of $47.3066 and another 10,000 shares at a weighted average price of $47.3073 on the same day.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on May 30, 2024.
• Following these transactions, Mr. Pearson beneficially owns 639,938.97 shares of common stock, including restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by a company executive. There is no indication of positive or negative sentiment.

Industry Context

This is a routine filing for a corporate executive exercising stock options and selling shares. It is common for executives to use 10b5-1 plans to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among corporate executives to manage their stock transactions and avoid potential insider trading issues.
• The reported transactions are similar to those of other executives at publicly traded companies who have stock options and restricted stock units as part of their compensation packages.
• The prices at which the shares were sold are within the typical range for market transactions of this type.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold, but this is likely to be minimal given the pre-arranged nature of the sales.

Key Dates

Keywords

Equitable Holdings, Mark Pearson, stock options, share sale, Rule 10b5-1, insider trading, executive compensation